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Ladies and Gentlemen,
Today the OEX closed at 904, overcoming STRONG resistance in the 900
area. Lately the 900 area has been tested several times, with the index
always bouncing off it towards its support at 880. I do not attempt to
forecast the intermediate term follow through of today's move. But,
would you not think there will need to be more short covering tomorrow,
leading to some more rally action before exhaustion will begin? You guys
that trade futures, how do they compare to the cash stock indexes and
what do you think?
James
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